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China hits in record $12.8 trillion in mobile payments transactions

Chinese mobile payment transactions reached a record 81 trillion yuan ($12.8 trillion) between January to October 2017, driven by huge number of consumers and merchants who have looked to more convenient cashless systems. The 10-month total surpassed the 58.8 trillion yuan in mobile payment transactions on the mainland during the whole of 2016, according to the [...]

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